Question: QUESTION 19 The data below are taken from the financial statements of the Joe Corporation Year 2 Income Statement: Net income Depreciation expenso Amortization of

 QUESTION 19 The data below are taken from the financial statements

QUESTION 19 The data below are taken from the financial statements of the Joe Corporation Year 2 Income Statement: Net income Depreciation expenso Amortization of patent Gain on sale of equipment 5 80.000 70,000 30,000 110,000 Balance Sheets Accounts receivable Inventory Prepaid expenses Accounts payable Accrued expenses payable December 31, Year 2 $ 710 000 850.000 30 000 660 000 430,000 December 31. Year1 $630,000 800,000 35.000 630,000 440.000 Required: Complete the partial statement of cash flows for the year ended December 31. Year 2 showing the computation of net cash flows from operating activities by the Indirect metod

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